First Solar Q2 EPS $0.77, net sales $629M, cuts full-year guidance on freight costs

FIRST SOLAR, INC.

2021-Q2 EPS reported $2.73 revenue$1,432,554,000

Net sales of $629M, down $174M QoQ due to project sales; module segment revenue rose.
Net income per diluted share $0.77 vs $1.96 prior quarter; operating income $110M.
YTD net bookings of 9.0 GW DC; 4.1 GW DC since prior earnings call.
Full-year EPS guidance lowered to $4.00-$4.60 from $4.05-$4.75; capex raised to $825-875M.
Started site prep for Ohio 3.3 GW factory; announced additional 3.3 GW expansion in India.

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